Neonatal Intensive Care Market
The Neonatal Intensive Care Market CAGR is supposed to enlist a ~4.99% during the gauge time of 2022-2030 with an expected market worth of 12920.12 million out of 2030.
The global neonatal intensive care market is mainly driven by the growing awareness about infant mortality and the growing efforts from governments to bridge the gap between supply and demand in order to reduce infant mortality. Major players in the global neonatal intensive care market are profiled in the report in order to provide readers with a detailed view of the market, including the successful strategies used by leading players in the market. Major drivers and restraints of the neonatal intensive care market are also described in the report in great detail, including information on the macroeconomic factors working in the background.
The neonatal intensive care market is mainly driven by the increasing incidence of infant mortality. Due to poverty and unavailability of advanced medical care, many developing regions suffer from high rates of infant mortality, leading to widespread concern. This has led to the rapid growth of the healthcare sector in regions such as Asia Pacific, where nations with sufficient economic power to make proactive decisions in order to reduce infant mortality. This has led to a growing volume of construction of healthcare agencies such as hospitals and neonatal care units. The growing population in regions such as India, China, and the rest of Southeast Asia is also a major driver for the neonatal intensive care market in the region.
Major Key Players:
Some of the Neonatal Intensive Care Market Players are B. Braun Melsungen AG, DRE Medical, Digicare Biomedical Technology Inc., Henry Schein, Jorgensen Labs, Medtronic, Midmark Corporation, Patterson Companies, Inc., Smiths Group plc, and Vetland Medical Sales Services.
Segment Analysis
The neonatal intensive care market’s segmental analysis provides a detailed understanding of the market that helps in identification of new growth windows and assists in preparing proper strategies to trigger the market growth. The Neonatal Intensive Care Market Segmentation into product and end user.
On the basis of product, the market has been segmented into phototherapy equipment, catheters, convertible warmer and incubators, incubators, respiratory devices, infant warmers, neonatal monitoring devices, and others. Electric infant warmers and non-electric infant warmers are classified under the infant warmers segment. The neonatal monitoring devices segment has been further narrowed down to blood pressure monitor, pulse oximeters, capnographs, cardiopulmonary monitor, and others.
On the basis of end-use, the neonatal monitoring devices market has been segmented into childcare and clinics, hospital and others.
Regional Analysis
Based on the region, the global Neonatal Intensive Care Market Forecast report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), the Middle East and Africa. Of these, the Americas will lead the market over the forecast period. Increasing government support, rising neonatal population, and growing incidences of congenital disorders in newborn are adding to the global neonatal intensive care market growth in the region.
The global neonatal intensive care market in Europe is predicted to hold the second-largest share over the forecast period. Favorable support from the government, such as health insurance and National Health Service, rise in insurance coverage, technological advances, and the presence of a well-established healthcare system are adding to the global neonatal intensive care market growth in the region.
The global neonatal intensive care market in the APAC region is predicted to grow at a fast pace, and in the MEA, it is predicted to have the smallest share for low disposable incomes.
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